Part 2) Income Inequality: Knowledge of the Experts vs. the Oppressed; Can the Oppressed be Correct if Experts don't Agree? "The rich richer, the poor poorer"
Part 4) Let's Discuss Immigrants: Reliable Data on U.S. Immigrants & Their Economic Impact from Brookings, Dept. of Homeland Security, & The Fed Bank of San Fran.
Part 3) Let's Discuss Immigrants: What Data Should We Use in Discussing & Why? What do Immigrants Mean to Every U.S. Person?
Part 1.) Let's Discuss Immigrants: Are Immigrants Good, Bad, or Neither? and Should There Be More or Less?
My Professor prompted our class to write a response on the economics of immigrant labor, with the criteria that all points made in the response be based on or supported by legitimate and long-term economic facts.
I plan to post my response on this blog, but I wanted to give readers a chance to participate along in the discussion, because we can discuss on a massive scale, being that we are only limited by the size of the internet.
Here is the assignment prompt the Professor wrote to the class. I will cite my Professor's name after I finish this semester.
Discussion Prompt by Prof.
There has been much talk in the popular press about immigration thanks to Donald Trump. There are a group of Americans that want to stop immigration in America while another group of Americans understand that the U.S. is a country of immigrants that pooled their talents in order to make life better.
As you may remember from Econ 101, the four economic resources are land, capital, labor, and entrepreneurial ability. This discussion topic will deal with labor.
It is my aim to democratize the countless real benefits that learning the discipline of Economics can provide us minorities.
Fortunately, many Ivy-League level Universities have been democratizing Economics education for over at least a decade. Yale, University of California Berkeley, NYU, and other Universities, use social media platforms to give away entire courses on the topics of Business, Finance, and Economics.
Please, watch every lecture from every course, and learn all you can. Though every person who listens to these courses must benefit financially more than a person who otherwise does not, listening to these courses will also enrich the depth of knowledge you will have on the rules that govern the reality around you, which influences you regardless of if you know the underlying principles of what governs macro economic forces. Special thanks to the Ivy League level Institutions for disseminating invaluable knowledge to the masses.
Course: Econ 101 - Principles of Macroeconomics
A survey of economics designed to give an overview of the field.
Prof. Martha Olney
Martha L. Olney is Adjunct Professor of Economics at the University of California, Berkeley, where she has taught since 1992. Previously, she taught at University of Massachusetts, Amherst and Stanford University. She received her B.S. in economics and mathematics from the University of Redlands (1978) and her Ph.D. in economics from the University of California, Berkeley (1985).
Her website: http://eml.berkeley.edu//~olney/
What you will find in each Economics Course L.E. Blogpost
Econ 102 - Principles of Microeconomics
Prof.: Jonathan Gruber
Economics influences our everyday lives whether we realize it or not. Even our labor-leisure tradeoff, our decision to work or relax, is guided by economic principles.
Prof. Jonathan Gruber
Dr. Jonathan Gruber is the Ford Professor of Economics at the Massachusetts Institute of Technology, where he has taught since 1992. He is also the Director of the Health Care Program at the National Bureau of Economic Research, where he is a Research Associate, and President Elect of the American Society of Health Economists... He has published more than 150 research articles, has edited six research volumes, and is the author of Public Finance and Public Policy, a leading undergraduate text, and Health Care Reform, a graphic novel. In 2006 he received the American Society of Health Economists Inaugural Medal for the best health economist in the nation aged 40 and under.His
What you will find in each Economics Course L.E. Blogpost
Donald Trump made, to most, offensive claims that Mexican illegal immigrants have a negative impact on the U.S.A socially and economically. As a Latino I take issue with this, but more importantly I wish to weigh Trump’s remarks in Economic terms. Why put aside Trump’s social offense? I do so because Economic data (money) is the first language of the U.S.A. In order to have an impact on real issues, and to have a voice that will be seriously considered by U.S. residents of all ethnicities, I currently am of the opinion that Latinos need to present inequalities in the language that the majority society of the country we live in speaks.
Also, if we analyze the facts and can present an alternative narrative based on facts, rather than unsubstantiated claims like Mr. Trump has made, I believe the majority of U.S. citizens, who are fair-minded people, will draw fair conclusions about immigrants, and even illegal immigrants, if people are presented with the reality of what illegal immigrants contribute to the U.S.A. economically.
As such, I am seeking to research economic data on these subjects to compile a scholarly research paper that will present a whole picture of the historical, current, and future reality of the Mexican illegal immigrant economy in U.S.A., and how it impacts the country.
To begin this journey I submitted a request via e-mail to my Macroeconomics Professor, for his aide. What follows is the letter I just e-mailed to him:
For Sight Impaired
Fed Interest Rate
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The focus of my role in this my blog is to contribute to the democratization of the gold-plated discipline of Economics; for myself and everyone else who grew up without privilege, we the majority population who have not been initiated into professions that influence every person on a macro-level like Economics.
Let's better our futures, and our children's futures, through discipline and education in Economics.